Town of Oyster Bay approves 2010 budget; spending is down and the tax rate stable

By Tiffany Elliott

The Town of Oyster Bay approved its 2010-11 budget last week, which calls for a stabilization of the current tax rate of $13.10. The Town had fluctuating numbers on both sides of the balance sheet but after careful review and planning Supervisor John Venditto said the Town was able to avoid any tax rate increase by making up for some anticipated losses in revenue with cost savings.

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